Inside Traders Get a Message
From SEC in Duracell Case

By

Jeffrey Taylor Staff Reporter of The Wall Street Journal

Updated Sept. 19, 1996 12:01 a.m. ET

WASHINGTON -- Think of the Duracell case as a shot across the bow of today's inside traders.

"I hope it will serve as a warning," says William McLucas, enforcement director of the Securities and Exchange Commission. "As in the early-to-mid-'80s, we're seeing people try to use foreign financial institutions to avoid detection. Today, we have the ability to freeze assets and have better relationships with foreign...